While we do tend to become a bit pessimistic about the way the world is headed at times, it is worth visiting the positive things that we are experiencing on this planet. Not everything brought to us by our wonderful government is terrible.
It is difficult to recognize at times that we are blessed to have the conveniences that we do have, though these things are symptoms of a modern society, much of the things we enjoy today would not exist at the scale they do if it were not for the involvement of the government.
Most advancements we have seen in recent history have stemmed from fiat currency and government spending. Investments in various things like infrastructure, research, education and more have afforded most of us the quality of life that we currently enjoy. Having the ability to pull money from the future and spend it today does benefit the people living in that current time; that is why the baby boomer generation had such a great benefit when it came to finances, stock market investments and comforts.
Labor value, which is the price of currency, was pulled from the future generations to fund government spending beginning in 1913 and accelerated in 1971 after the Bretton-Woods accord. Having the ability to pull labor value from future generations (millenials, Gen X, etc) allowed the prior generations to thrive and live with levels of prosperity that had never been seen before in history.
Though we have also experienced amazing advancements including internet, computing capabilities, gaming systems, entertainment advancements, etc. – we have also experienced an incredible gap between the rich and poor. Homelessness is a problem because of this spending, poverty exists in a fiat currency economy because all labor value has been siphoned from future generations. Homelessness would not be such a prevalent issue without government spending from the past.
Irresponsible fiscal spending results in distortions in society that are incalculable. The aim of this website is to break down these ordered effects caused by money printing and poor fiscal policy.
Though the corporate government does seem to be immune to consequences of poor spending habits, the results are guaranteed to catch up. The issues we are experiencing currently are proof of that – inflation, job loss, high debt – it comes from creating and spending debt as a money – and from nothing else.
Apply this same logic to your own finances. Though we may “be ok” today, tomorrow is a certainty. Are we ready to handle the aftermath of this irresponsible government spending over a century?
